worried505
New Member
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- 4
Hi
I am 44 years old with 170k in my pension pot, i earn a good salary which is around 100k so i can afford to pay the max avc into my pension which i have been doing for the last while
however a divorce is possible in the intermediate term and i will likely need to buy another house. My issue is that i have health issues and would prob struggle to get mortgage protection.
My question is and i know its subjective but would it be best to stop my avcs and build up a large cash position ( i have 110k cash already ) so i could possible buy an apartment for cash in the event of a divorce ? Or would it be better to continue with my avcs and if the divorce happens then i could try and get a mortgage
I just hate the thought of having to enter the rental market and pay 2k for a house rental , an apartment in my area would be around 190k so i could build up that cash position in maybe 5 years
I understand its anxiety that is making me think like this but i suppose i just want to protect myself
I am 44 years old with 170k in my pension pot, i earn a good salary which is around 100k so i can afford to pay the max avc into my pension which i have been doing for the last while
however a divorce is possible in the intermediate term and i will likely need to buy another house. My issue is that i have health issues and would prob struggle to get mortgage protection.
My question is and i know its subjective but would it be best to stop my avcs and build up a large cash position ( i have 110k cash already ) so i could possible buy an apartment for cash in the event of a divorce ? Or would it be better to continue with my avcs and if the divorce happens then i could try and get a mortgage
I just hate the thought of having to enter the rental market and pay 2k for a house rental , an apartment in my area would be around 190k so i could build up that cash position in maybe 5 years
I understand its anxiety that is making me think like this but i suppose i just want to protect myself
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